Battle North Gold Continues to Intersect High-Grade Mineralization at the McFinley and Pen Zones Near the Bateman Gold Project

Battle North Gold Continues to Intersect High-Grade Mineralization at the McFinley and Pen Zones Near the Bateman Gold Project

by ahnationtalk on September 24, 202013 Views

TORONTO, Sept. 24, 2020 – Battle North Gold Corporation (TSX: BNAU) (OTCQX: BNAUF) (“Battle North” or the “Company”) reports additional high-grade assay results from the confirmatory drilling program at the McFinley and Pen Zones, which form part of the “String of Pearls” exploration targets near the Bateman Gold Project (the “Project”) infrastructure. Please see Diagram 1 at the end of this news release for a plan view of the String of Pearls (with historical drill assays).

Table 1: McFinley and Pen Zone Assay Result Highlights (as of September 24, 2020) 1 :

Drill hole number:

Intercept:

Notes:

244L-20-02

34.01 grams per tonne of gold (“g/t Au”) over 2.37 metres
(“m”) (including 136.00 g/t Au over 0.5 m)

Pen Zone; High-Ti Basalt Units;

244L-20-04

6.88 g/t Au over 2.50 m (including 24.10 g/t Au over 0.50 m)

Pen Zone; High-Ti Basalt Units;

244L-20-05

8.85 g/t Au over 0.89 m and 10.60 g/t over 0.53 m

Pen Zone; High-Ti Basalt Units and Ultramafic/Mafic Contact

84L-20-12

10.90 g/t Au over 0.65 m

McFinley Zone; Banded iron formation

The drilling programs at the McFinley Zone (46 m, 84 m and 122 m Levels) and the Pen Zone (244 m Level) are focused on confirming historical drilling2 and potentially defining mineral resource estimates, produced the above highlights. See Tables 2 and 3 below for a full summary of results and drill hole coordinates, respectively. See also the ‘Qualified Persons and Quality Assurance / Quality Control’ section below.

CEO Comment

Battle North President and Chief Executive Officer George Ogilvie, P.Eng., stated, “The results from the exploration drilling at the McFinley and Pen Zones are expected to provide sufficient information to compile an NI 43-101 mineral resource estimates for these zones, which are located less than three hundred metres below surface. We continue to believe that both the McFinley and Pen Zones, which are in close proximity to the Bateman Gold Project’s infrastructure, exhibit the potential to provide future incremental mill feed to augment the Project’s anticipated production profile. The high-grade intercepts encountered signal the upside potential of these zones, which remain open both across strike and at depth. We remain on track to complete NI 43-101 mineral resource estimates at the McFinley and Pen Zones in the fourth quarter of 2020 and first quarter of 2021, respectively.”

McFinley Zone

The Company has completed approximately 1,620 m of drilling at the McFinley Zone at the 46 m, 84 m, and 122 m Levels. The drilling program targeted the gold mineralization hosted in gold-bearing quartz veins and sulphides in the banded-iron formation (“BIF”) and basaltic unit settings. The McFinley Zone is comprised of three distinct sub-zones of mineralization denoted as the B, C, and D Zones. Within these sub-areas of mineralization, multiple parallel zones have been identified through this drill program and the re-interpretation of historical drilling. Please see Diagrams 2 to 11 for section views of the McFinley drilling program on the Battle North website under Projects > Red Lake Properties > String of Pearls in the “McFinley Zone” section. Please refer to the Battle North news release on August 11, 2020 for further details on the 2020 McFinley Zone drill program.

Pen Zone

In 2020, Battle North has to date completed approximately 2,600 m of drilling at the Pen Zone. Drilling was undertaken from the 244 m Level exploration drift. The Company has targeted the high-titanium basaltic units (“High-Ti Basalt Units”), which are the main host rock of gold mineralization in this zone and is also the main host rock of gold mineralization at the F2 Gold Zone of the Bateman Gold Project. As part of the Pen Zone drilling program, drill hole 244L-20-05 intersected a mafic/ultramafic contact towards the end of the hole containing gold mineralization, which ties in with ongoing modelling and re-interpretation work utilizing historical drill hole information. Other areas of high-grade gold mineralization are located along the contact between chlorite-pyrite+/-ankerite altered mafic and ultramafic rocks east of the East Bay Deformation Zone (“EBDZ”). This mafic/ultramafic structure runs parallel to the EBDZ. Work is ongoing to advance understanding of the structure. Please see Diagram 3 at the end of this news release for a section view of the Pen Zone drilling program. Please refer to the Battle North news release on July 27, 2020 for further details on the Pen Zone drilling program.

Qualified Persons and Quality Assurance / Quality Control (QA/QC)

The content of this news release has been read, verified and approved by Michael Willett, P.Eng., Director of Projects for Battle North, and Isaac Oduro, P.Geo., Manager of Technical Services for Battle North, each of whom is a Qualified Person as defined by NI 43-101.

Underground drilling was conducted by Boart Longyear Drilling of Haileybury, Ontario and was supervised by the Battle North exploration team. All assays reported are uncut unless otherwise stated. Samples reported herein were assayed by SGS Mineral Services of Red Lake, Ontario and Activation Laboratories Ltd., Dryden, Ontario, both of which are independent of Battle North. All NQ core assays reported were obtained by fire assay with AA-finish or using gravimetric finish for values over 10.0 g/t Au.

Intercepts cited do not necessarily represent true widths, unless otherwise noted, however drilling is generally intersecting interpreted mineralized zones at angles between -30o and +30o. True width determinations are estimated at 65-80% of the core length intervals for the 305 m Level drilling, and estimated at 75-95% of the core length for the 610 m and 685 m Level drilling. Battle North Gold’s quality control checks include insertion of blanks, standards and duplicates to ensure laboratory accuracy and precision3.

About Battle North Gold Minerals Corporation

Battle North is a Canadian gold mine developer led by an accomplished management team with successful underground gold mine operations, finance, and capital markets experience. Battle North owns the significantly de-risked and shovel-ready Bateman Gold Project, located in the renowned Red Lake gold district in Ontario, Canada and controls the strategic and second largest exploration ground in the district. Battle North also owns a large gold exploration land package on the Long Canyon gold trend near the Nevada-Utah border in the United States. Battle North’s shares are listed on the Toronto Stock Exchange (BNAU) and the OTCQX markets (BNAUF). For more information, please visit our website at www.battlenorthgold.com.

BATTLE NORTH GOLD CORPORATION
George Ogilvie, P.Eng.
President, CEO, and Director

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